Visa Inc. (NYSE:V) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its position in Visa Inc. (NYSE:V) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,168,130 shares of the credit-card processor’s stock after buying an additional 16,599 shares during the quarter. Visa accounts for about 3.0% of Bank Julius Baer & Co. Ltd Zurich’s portfolio, making the stock its 7th largest holding. Bank Julius Baer & Co. Ltd Zurich owned about 0.12% of Visa worth $564,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV increased its position in shares of Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after buying an additional 78 shares during the period. Nadler Financial Group Inc. increased its stake in shares of Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares during the last quarter. Towerpoint Wealth LLC purchased a new position in shares of Visa during the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. bought a new position in Visa during the fourth quarter worth about $3,427,000. Finally, Wayfinding Financial LLC boosted its holdings in Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.2 %

Shares of Visa stock traded down $0.58 on Friday, hitting $274.58. The company had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a 50-day moving average of $279.32 and a 200-day moving average of $264.05. The firm has a market capitalization of $504.27 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Research analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.24%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James upped their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. UBS Group raised their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup increased their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Mizuho restated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.